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Read your financial statements

Because SKU.io keeps a full double-entry ledger, it can roll your entries up into the two statements every business lives by — an Income Statement (how you're performing) and a Balance Sheet (what you're worth) — with no exporting or spreadsheets.

Before you begin​

Income Statement​

  1. Go to Accounting → Reports → Income Statement.
  2. Set the Start Date and End Date, and a Period (month, quarter) to break the columns down over time.
  3. Read it top to bottom: Sales (your revenue), Direct Costs including Cost of Goods Sold, then Total Gross Income and Gross Margin — followed by expenses down to Net Income and Net Margin.
  4. Click Export to download it, or Refresh after posting more activity.

Balance Sheet​

  1. Open the Balance Sheet tab.
  2. Set the As of Date — the balance sheet is a snapshot at a moment in time.
  3. It lists Assets (Inventory, Inventory In Transit, Accounts Receivable), Liabilities (Accounts Payable, Accrued Purchases), and Equity (retained earnings), with a Balance Check confirming assets equal liabilities plus equity.

Other reports​

The same workspace has Accounting COGS (cost of goods sold in detail), GINR Balance (goods invoiced not received), and Lock exceptions for closed-period issues.

Next steps​

Video transcript

Because SKU.io keeps a full ledger, it produces your financial statements on demand. The Income Statement shows your sales, cost of goods sold, and margin, month by month. The Balance Sheet is a snapshot of what you're worth — your inventory and receivables against what you owe — and it always balances.

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